Equity Capital less in Consolidated Balancesheet

[Amol_Mulik]

I have 2 questions:

1. Since we all know Consolidated numbers includes the companies subsidieries data as well. Hence profit and loss, reserves etc are added up of all group companies in consolidated balance sheet.
   However, why it is that Reliance Industries equity capital in consolidated BS is less than Standalone BS? Ideally it should be greater than standalone, isnt it? (Since it also includes its subsidieries equity)

2. Also, for most of the other companies, equity in consolidated and standalone is constant even though other numbers are changing. Eg Maruti, Coal India. What is the meaning of it?

@Karthik

[Karthik]

@Amol_Mulik

Since we all know Consolidated numbers includes the companies subsidieries data as well. Hence profit and loss, reserves etc are added up of all group companies in consolidated balance sheet.

However, why it is that Reliance Industries equity capital in consolidated BS is less than Standalone BS? Ideally it should be greater than standalone, isnt it? (Since it also includes its subsidieries equity)

This is quite tricky, Amol and the difference could arise after adjusting for the % investment in the subsidiaries and also adjusting for any JVs. The associated notes should throw some inputs on the exact scheme of arrangements.